16433 Felice Drive
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16433 Felice Drive

Ctop 80%

Rancho Bernardo, CA 92128Neighborhood: Rancho Bernardo

$720,000
STR: check · no permits on this tract · TOT 11.75%

3 licensed short-term rentals within ½ mile (2 whole home), from the cities' license and permit lists of Nov 1, 2026.

None of the 97 homes on this home's recorded tract holds a short-term rental license, so nothing shows its HOA allows them. Get the CC&Rs before counting on short-term income.

Pass at asking: -$3,355/mo full cashflow at 20% down, 7.49% rate.

Works at $285,011 (60% under asking), or at 87% down.

Rent $3,699/mo from 9 leases of 1–3 bed houses within 1 mi, same school area ($3,199–$3,813).

Beds

2

Baths

2

Sqft

1,197

Year Built

1964

Days on Market

97

Property Type

Single Family

HOA/mo

$650

MLS ID

SW26154511

This property is in Rancho Bernardo (92128). View neighborhood stats →

About This Property

A Seven Oaks Gem in the heart of the iconic Rancho Bernardo community in north San Diego County. A beautiful quiet adult only neighborhood with a nice wide street! 2 bed 2 bath with a fully renovated en suite bathroom with new vanity, shower etc. Brand new carpet throughout the bedrooms and living/dining room areas. Just installed air conditioning unit to the existing forced air vent system to help cool down during the hot summer months. The patio has been fully enclosed with adobe style interior walls and ceiling giving inside access to the laundry room and garage! Great space for an office or studio. Newer roof within the last 5 years and plenty of space in the back yard area and around the side of the home.

Mortgage Calculator

Est. Monthly Payment

$5,604

Principal & Interest$4,024
Property Tax$720
Insurance$210
HOA$650
%($144,000)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Highland Ranch Elementary · grades K-5 · Poway Unified

  • Middle

    Bernardo Heights Middle · grades 6-8 · Poway Unified

  • High

    Rancho Bernardo High · grades 9-12 · Poway Unified

The district's assigned schools for this parcel, from its attendance boundaries and rules. Boundaries change: confirm with the district before you buy.

Investment Score

31C
Est. Monthly Rent
$3,699

9 leases of 1–3 bed houses within 1 mi, same school area · $3,199–$3,813

Blended 50/50 with a property-level estimate

Monthly Cashflow

Rent − PITIA

-$1,905
Full Cashflow

Incl. vacancy, PM, maint, capex

-$3,355

What would make this work?

$3,355/mo short at 20% down; 87% down or +$4,358/mo rent closes it.

Break-even price

60% under asking

$285,011
Break-even rent

$4,358/mo above the estimate

$8,057/mo
Cashflow at 35% down
−$2,601/mo
Down payment to break even

$626,400 cash

87%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$4,024
Cap Rate
1.42%
Cash-on-Cash
-27.96%
DSCR

Need ≥ 1.25 for DSCR loan

0.66

NOI (Annual)
$10,238
Price-to-Rent

Lower = better for investors

16.2

* Modelled at 20% down, 7.49% rate, 30yr · vacancy 8% · PM 10% · capex 5% · maintenance 1%/yr.

Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.

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CCashflow−$3,355/mo